Regulators Delay Money Market Reform Proposals

Law360, New York (January 16, 2013, 1:37 PM EST) -- U.S. financial regulators on Tuesday provided an extra month for comments on controversial proposals to overhaul the money market mutual fund industry, allowing the public and market participants more time to consider a key study from the Securities and Exchange Commission.

The Financial Stability Oversight Council, a panel of financial regulators led by outgoing Treasury Secretary Timothy Geithner, put forward three recommendations for bringing new rules to the money market fund industry in November, with the comment period originally set to expire Friday. At the request...
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